Returns – Page 163
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News
Irish investment strategy 'too risky'
[14:15 CEST 06-07] IRELAND – The investment strategy of many Irish pension funds was "too risky" and is why around 90% of schemes failed to meet the funding standard last year, the Pensions Board has claimed, and why some are unable to meet liabilities of existing pensioners if the scheme ...
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NewsPension scheme investment hits £2bn in Q1
[17:05 CEST 03-07] UK – Net investment by self-administered pension funds increased by £14.8bn over the first quarter of 2009 to show a net result of £2bn (€2.33bn), the Office of National Statistics (ONS) has revealed.
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NewsLancashire fund drops below £3bn
[17:00 CEST 03-07] UK – Lancashire County Council has revealed the value of its pension fund dropped more than £730m in the year to March 2009 to £2.93bn (€3.43bn).
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NewsDentists' scheme extracted 3.7% return in 2008
[16:55 CEST 03-07] NETHERLANDS - The €1.3bn pension fund for dentists and dentist-specialists (SPF) returned 3.7% on investments last year, thanks to an extensive derivatives-based hedge.
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NewsIrish performance sounded a ‘flat’ note in June
[16:45 CEST 03-07] IRELAND – Rubicon Consulting has delivered an interpretation of Irish group managed pension fund performance which is lower than calculated by rival consultancies, as the firm has claimed funds just skimmed a positive return in June.
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NewsUWV reviews its asset allocation
[15:45 CEST 03-07] NETHERLANDS – The €3.1bn pension fund of UWV, the Dutch employment and benefits agency, has substantially shifted the focus of its asset allocation and is considering further changes in light of recent market turbulence.
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News
Irish managed funds post fourth consecutive gain
[17:05 CEST 02-07] IRELAND – Irish managed pension funds returned an average of 0.5% in June, resulting in an overall positive six months for the sector, Hewitt Associates has revealed.
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News
CLG consults on funding target changes to LGPS
[17:05 CEST 02-07] UK – The government is proposing two alternative approaches for local government pension schemes (LGPS) to meet solvency requirements from the 2010 valuation instead of relying on a 100% funding target, an informal consultation from the department for communities and local government (CLG) has revealed.
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News
CofE consults on pension changes as defict hits £352m
[17:00 CEST 01-07] UK – The Church of England (CofE) has revealed the pension deficit of its Funded Clergy Pension Scheme had increased to £352m (€411.4m) by the end of 2008.
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News
Three-year deficit high to force equity shift and scheme closures
[16:45 01-07] UK – Latest predicted returns figures for the UK defined benefit pensions market saw funds’ deficits hit their highest levels last month for three years, according to consultants who say further changes must be expected if pressure is to be eased on employers.
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News
Surrey dropped £463m in 2008-09
[17:20 CEST 30-06] UK – Surrey County Council has revealed its pension fund lost £463m (€544.5m) in 2008-09 as a result of the financial crisis, as the investment return on the fund was -24.7%.
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News
Ascoop’s new fund for employers set on full-funding by 2020
[16:30 CEST 26-06] SWITZERLAND – The multi-employer Pensionskasse for the Swiss public transport and tourism industry is setting up a new fund for those companies, which can afford to commit to reaching full-funding by 2020.
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News
MPs' pensions deficit is result of lower contributions
[14:30 CEST 26-06] UK – The Parliamentary Contributory Pension Fund (PCPF) for members of parliament (MPs) would have been £5m in surplus instead of £50m (€58.6m) in deficit at the last valuation if the government had made the correct contributions, the chairman of the scheme has claimed.
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News
IORPs should not 'over-react' to crisis
[13:00 CEST 26-06] EUROPE – The impact of the current economic crisis has resulted in closer scrutiny by many European supervisors of occupational pensions and the shared message appears to be pension funds should not over-react, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has said.
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News
German pensionskasse delivered 4.8% in 2008
[14:30 CEST 25-06] GERMANY – VVaG, the German pensionskasse for various cooperatives, managed to grant its members 4.8% interest for 2008 and generate a positive return as the pension fund held no exposure to equities.
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News
Crisis set Dutch schemes back by €94bn - DNB
[14:00 CEST 25-06] NETHERLANDS - Dutch pension funds have lost a total of €94bn since their combined assets peaked at the end of the first quarter of 2008 at €763bn, the pensions regulator De Nederlandsche Bank has revealed.
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News
Swiss pensionskasse born out of buffer concerns
[16:30 CEST 24-06] SWITZERLAND – The local railway operators for the Matterhorn Gotthard Bahn and the Gornergrat Bahn have decided to leave the Ascoop fund to create their own pensionskasse.
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News
ONS says 2012 reforms may double DC membership
[17:20 CEST 23-06] UK – The UK's 2012 pension reforms could double the membership of defined contribution (DC) schemes, although questions remain over whether they will be capable of providing sufficient retirement income in the future, the Office of National Statistics (ONS) has claimed.
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News
PPF levy remains stable, for now
[17:10 CEST 23-06] UK – The Pension Protection Fund (PPF) has honoured previous commitments by confirming the levy for 2010/11 will be £700m (€817.2m), indexed to wages, although it warned schemes the levy may rise in the future to allow the PPF to meet its commitments.
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News
TPR warns of need for 'prudence' in funding
[17:10 CEST 23-06] UK – The Pensions Regulator (TPR) has stressed the importance of "prudent" funding levels for pension schemes, and warned that while flexibility is available in recovery plans the pension scheme and members "should not be disadvantaged".
